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Karvy Online Vs Fyers
| | Broker Comparison, Trading | No Comments
Karvy Online Vs Fyers comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
Karvy Online Vs Fyers Comparison
Here is a point by point comparison of Karvy Online Vs Fyers.
Karvy Online is the broking arm of Karvy Group and has a presence across 400 cities of India. It is involved not only in retail broking but also has a prominent name in institutional and corporate investments.
Incorporated in 1985, Karvy today has a membership with BSE, NSE, MCX-SX, MCX and NCDEX and is one of the top 10 stock brokers in India.
FYERS is a discount broker launched recently in April 2015. It stands for “Focus Your Energy & Reform the Self” and is known for its advanced trading platforms with different unique features.
Everything about discount brokers such as Fyers is Online, be it – customer service, trading, account opening etc. Full-service brokers such as Karvy Online, on the other hand, will help you, spoon feed you, handhold you through the process, even if you need an offline help, meet someone, talk to somebody and so on.
Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Karvy Online Vs Fyers to help you find which of the two suits your needs better.
The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs.
Karvy Online Vs Fyers Compare
 |  | |
| Fyers Review | Karvy Online Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Full Service |
| Incorporated In the Year | 2015 | 1985 |
| Number of branches across India | 1 | 400 |
| Exchanges | BSE, NSE | BSE, NSE, MCX-SX, MCX and NCDEX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹0 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹420 |
| Demat Account Annual Maintenance Charges | ₹400 | ₹500 (FREE for first year) |
| Transaction Charges | Fyers Transaction Charges | Karvy Online Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹20 per executed order | 0.3% |
| Intraday Delivery | ₹20 per executed order | 0.03% |
| Equity Futures | ₹20 per executed order | 0.03% |
| Equity Options | ₹20 per executed order | ₹30 per lot |
| Currency Futures | ₹20 per executed order | 0.03% |
| Currency Options | ₹20 per executed order | ₹30 per lot |
| Commodity | NA | 0.03% |
| Brokerage Calculator | Fyers Brokerage Calculator | Karvy Online Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 15 times for Intraday, 3 to 5 times for Delivery | Intraday upto 20 times, 0 for Delivery |
| Equity Futures | Upto 5 times | Upto 4 times for Intraday |
| Equity Options | Upto 5 times | No Leverage for buying, upto 4 times for Shorting Intraday |
| Currency Futures | Upto 5 times | No Leverage |
| Currency Options | Upto 5 times | No Leverage |
| Commodities | NA | Upto 4 times for Intraday |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | FYERS One, FYERS Markets, FYERS Web Trader | NEST, Karvy Web, Trade Mobile App |
| Total BSE+NSE Complaints | 38 | 229 |
| OVERALL RATING |  | |
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
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Karvy Online Vs Fyers
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